Under pressure: Financial struggles in Philly and an SEC settlement in Wilmington [The Philadelphia Inquirer]
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Under pressure: Financial struggles in Philly and an SEC settlement in Wilmington [The Philadelphia Inquirer]
insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.
The former president of the only financial institution to be criminally charged in connection with the federal bank bailout program in the wake of the 2008 financial crisis has reached a settlement with federal securities regulators in a related civil action. The Securities and Exchange Commission asked a federal judge in a court filing Tuesday to approve a consent judgment against former Wilmington Trust President Robert Harra Jr. Harra would pay a civil penalty of $100,000 and be prohibited from acting as an officer or director of a public company.